Venture Capital Incentive Act of 1991

Summary

Venture Capital Incentive Act of 1991 - Amends the Internal Revenue Code to permit both corporate and noncorporate taxpayers an income tax deduction of 40 percent of the net capital gain from an investment in the stock a qualified small business which devotes at least 18 percent of its total annual expenditures to research and development. Allows the taxpayer is the initial acquirer of the particular stock and holds the stock for at least four years. Adds the amount of the deduction for capital gain from such investments as a tax preference item for purposes of determining alternative minimum tax liability.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 28 February 1991

  Open at official source

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